Bromley Insurance
Insurance - Burnley, England, United Kingdom
Bromley Insurance Employees
Bromley Insurance Details
Directors and officers of companies of all sizes have certain personal liabilities which come with the fiduciary duties of their position. When directors are accused of breaching these duties, actions are brought against them personally and this can have devastating consequences for the individuals concerned, even if they have done nothing wrong. A common misconception is that being a director of a limited liability company in some way limits the director's personal liabilities. This is not the case - directors personal liabilities are unlimited. D&O insurance provides a pool of money for the directors of a company that can be drawn on to fund defence and settlement costs and to pay for the cost of legal representation at investigations.
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